Our Chief Economist discusses shadow banking and why it is seen as dangerous, if post-crisis regulation had addressed the risks of shadow banking, new financial structures are attracting attention and safeguards in the financial system against another crisis.
Some investors are worried about rising rates and falling equities. Is this double trouble really in our future?
10-Year U.S. Treasury yields are currently near the 1.50% level and the majority of investors believe these rates are highly unlikely to move much lower, especially to a record low of 1%. But that’s where we think they are headed.